The feverish post-election stock market rally came to a screeching halt last week. For the week, the S&P 500 (^GSPC) fell more than 2%, while the Dow Jones Industrial Average (^DJI) shed more than 500 points or nearly 1.3%. The tech-heavy Nasdaq Composite (^IXIC) sank over 3%. Two firm inflation readings and commentary from Federal…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The broadening of the stock market rally has become a crucial theme during the second half of 2024. Amid the start of rate cuts — and economic data that’s showed the US economy…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The bullish euphoria that came from the possibility of a quick return to neutral rates after the Fed’s 50 basis point cut in September has faded. But it’s been swapped with a different…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The labor market offered an unexpected surprise on Friday as the September jobs report showed 254,000 payrolls added in September — 104,000 more than expected. Worries of a flagging labor market have been…